Shoppers Stop has approved the allotment of 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share for a total consideration of around Rs 179.26 crore to Amazon.com NV Investment Holdings LLC .
Consequent to the above allotment, the paid-up share capital of the company stands increased from Rs 41.77 crore divided into 8,35,47,611 equity shares of Rs 5 each to Rs 43.97 divided into 8,79,43,536 equity shares of Rs 5 each.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
